▲ 851 ▼ SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortune (fortune.com) submitted 3 months ago by sanitation@lemmy.today to c/technology@lemmy.world 176 comments fedilink hide all child comments
[–] reksas@sopuli.xyz 26 points 3 months ago (8 children) why people invest in this? they will just lose their money permalink fedilink source hideshow 8 child comments replies: [–] SkunkWorkz@lemmy.world 27 points 3 months ago (6 children) As long as there is a sucker willing to pay more they will gain money. And unfortunately there are millions of suckers on the planet. Fundamentals don’t mean anything with this IPO. It’s basically all hype based like Pokemon cards. permalink fedilink source parent hideshow 6 child comments replies: [–] explodicle@sh.itjust.works 18 points 3 months ago (5 children) One of the big problems with investing is that the average investor thinks they're smarter than the average investor. permalink fedilink source parent hideshow 5 child comments replies: [–] scratchee@feddit.uk 2 points 3 months ago (4 children) It’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can permalink fedilink source parent hideshow 4 child comments replies: [–] explodicle@sh.itjust.works 2 points 3 months ago (1 child) Where it's not a bubble, the market is positive sum and the average investor is wise to participate. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 3 points 3 months ago That’s true. I guess you just have to think you can keep up with the market, not necessarily beat it. permalink fedilink source parent [–] isleepinahammock@lemmy.blahaj.zone 2 points 3 months ago (1 child) Don't be so smug. The intended victims of this IPO are passive investors who aren't trying to time the market and are just long-term holding index funds for retirement. That's exactly who Musk is planning to rob. If you're taking the typical low-cost index fund strategy, you will be giving approximately 1% of your life savings to Elon Musk. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 1 point 3 months ago Not trying to be smug, just pointing out that a system that encourages self selection will tend to select for self belief, justified or not. permalink fedilink source parent [+] Luccus@feddit.org 0 points 3 months ago* [deleted] permalink fedilink source parent
[–] SkunkWorkz@lemmy.world 27 points 3 months ago (6 children) As long as there is a sucker willing to pay more they will gain money. And unfortunately there are millions of suckers on the planet. Fundamentals don’t mean anything with this IPO. It’s basically all hype based like Pokemon cards. permalink fedilink source parent hideshow 6 child comments replies: [–] explodicle@sh.itjust.works 18 points 3 months ago (5 children) One of the big problems with investing is that the average investor thinks they're smarter than the average investor. permalink fedilink source parent hideshow 5 child comments replies: [–] scratchee@feddit.uk 2 points 3 months ago (4 children) It’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can permalink fedilink source parent hideshow 4 child comments replies: [–] explodicle@sh.itjust.works 2 points 3 months ago (1 child) Where it's not a bubble, the market is positive sum and the average investor is wise to participate. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 3 points 3 months ago That’s true. I guess you just have to think you can keep up with the market, not necessarily beat it. permalink fedilink source parent [–] isleepinahammock@lemmy.blahaj.zone 2 points 3 months ago (1 child) Don't be so smug. The intended victims of this IPO are passive investors who aren't trying to time the market and are just long-term holding index funds for retirement. That's exactly who Musk is planning to rob. If you're taking the typical low-cost index fund strategy, you will be giving approximately 1% of your life savings to Elon Musk. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 1 point 3 months ago Not trying to be smug, just pointing out that a system that encourages self selection will tend to select for self belief, justified or not. permalink fedilink source parent
[–] explodicle@sh.itjust.works 18 points 3 months ago (5 children) One of the big problems with investing is that the average investor thinks they're smarter than the average investor. permalink fedilink source parent hideshow 5 child comments replies: [–] scratchee@feddit.uk 2 points 3 months ago (4 children) It’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can permalink fedilink source parent hideshow 4 child comments replies: [–] explodicle@sh.itjust.works 2 points 3 months ago (1 child) Where it's not a bubble, the market is positive sum and the average investor is wise to participate. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 3 points 3 months ago That’s true. I guess you just have to think you can keep up with the market, not necessarily beat it. permalink fedilink source parent [–] isleepinahammock@lemmy.blahaj.zone 2 points 3 months ago (1 child) Don't be so smug. The intended victims of this IPO are passive investors who aren't trying to time the market and are just long-term holding index funds for retirement. That's exactly who Musk is planning to rob. If you're taking the typical low-cost index fund strategy, you will be giving approximately 1% of your life savings to Elon Musk. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 1 point 3 months ago Not trying to be smug, just pointing out that a system that encourages self selection will tend to select for self belief, justified or not. permalink fedilink source parent
[–] scratchee@feddit.uk 2 points 3 months ago (4 children) It’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can permalink fedilink source parent hideshow 4 child comments replies: [–] explodicle@sh.itjust.works 2 points 3 months ago (1 child) Where it's not a bubble, the market is positive sum and the average investor is wise to participate. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 3 points 3 months ago That’s true. I guess you just have to think you can keep up with the market, not necessarily beat it. permalink fedilink source parent [–] isleepinahammock@lemmy.blahaj.zone 2 points 3 months ago (1 child) Don't be so smug. The intended victims of this IPO are passive investors who aren't trying to time the market and are just long-term holding index funds for retirement. That's exactly who Musk is planning to rob. If you're taking the typical low-cost index fund strategy, you will be giving approximately 1% of your life savings to Elon Musk. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 1 point 3 months ago Not trying to be smug, just pointing out that a system that encourages self selection will tend to select for self belief, justified or not. permalink fedilink source parent
[–] explodicle@sh.itjust.works 2 points 3 months ago (1 child) Where it's not a bubble, the market is positive sum and the average investor is wise to participate. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 3 points 3 months ago That’s true. I guess you just have to think you can keep up with the market, not necessarily beat it. permalink fedilink source parent
[–] scratchee@feddit.uk 3 points 3 months ago That’s true. I guess you just have to think you can keep up with the market, not necessarily beat it. permalink fedilink source parent
[–] isleepinahammock@lemmy.blahaj.zone 2 points 3 months ago (1 child) Don't be so smug. The intended victims of this IPO are passive investors who aren't trying to time the market and are just long-term holding index funds for retirement. That's exactly who Musk is planning to rob. If you're taking the typical low-cost index fund strategy, you will be giving approximately 1% of your life savings to Elon Musk. permalink fedilink source parent hideshow 1 child comment replies: [–] scratchee@feddit.uk 1 point 3 months ago Not trying to be smug, just pointing out that a system that encourages self selection will tend to select for self belief, justified or not. permalink fedilink source parent
[–] scratchee@feddit.uk 1 point 3 months ago Not trying to be smug, just pointing out that a system that encourages self selection will tend to select for self belief, justified or not. permalink fedilink source parent